Retiring earlier than planned

Munnell, Alicia Haydock, Matthew S. Rutledge, and Geoffrey Sanzenbacher. “Retiring earlier than planned”. Issue in Brief 19-3, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, February 2019. http://hdl.handle.net/2345/bc-ir:108332.
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Abstract

The brief's key findings are: (a) More than a third of older workers retire earlier than planned: the question is why? (b) This study looks at: 1) the impact of unexpected changes in health, employment, family, and finances on early retirement; and 2) the prevalence of these shocks. (c) The findings suggest that: (i) Health shocks play the largest role, mainly because they are widespread. (ii) Job loss without finding a new job, while not as prevalent, is also important. (iii) Family transitions have a modest impact, while financial shocks appear to have little effect. (4) A key caveat is that all the shocks combined explain only about a quarter of earlier-than-planned retirements, so clearly other factors are also at play.

Title
Retiring earlier than planned: what matters most?
Author
Munnell, Alicia Haydock
Rutledge, Matthew S.
Sanzenbacher, Geoffrey
School
Carroll School of Management
Arts and Sciences
Discipline
Finance
Economics
Center
Center for Retirement Research
Genre
report
Date Issued
February 2019
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
19-3
Persistent Link
http://hdl.handle.net/2345/bc-ir:108332
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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